Reinsurance News
Bermuda-based reinsurer Conduit Re has reported a comprehensive loss of $89.7 million for the year ended December 31st, 2022, as an investment loss of $52.8 million more than offset a slight underwriting gain in the period. The company’s los...
Posted: Feb 22, 2023
Catastrophe-exposed property insurance provider SageSure and SureChoice Underwriters Reciprocal Exchange (SURE), a policyholder-owned coastal insurer, have announced the close of a $355 million Rule 144A catastrophe bond. At this size, the deal is...
Posted: Feb 22, 2023
Strategic Risk Solutions (SRS), announced the appointment of Mark Morris to the role of Managing Director within the SRS Advisers Group. In his new role, Morris will cultivate new and existing relationships through reviewing current structures and...
Posted: Feb 22, 2023
Crum & Forster, a Fairfax Holdings insurance company, has announced that Michelle Sipple has joined the company as Senior Vice President of the Inland Marine practice within its Property Lines Division. In the role, she will be responsible for...
Posted: Feb 22, 2023
Global insurance broker Lockton has announced the launch of a new Affinity Schemes business in Australia, New Zealand and Pacific to be led by Tanya Dasgupta. “In a digital world, customer needs and expectations grow fast and far outpace current m...
Posted: Feb 22, 2023
FWD Group Holdings Limited, a pan-Asian life insurance business, will enter the Malaysian life insurance market following the signing of an agreement to invest in a majority stake in Gibraltar BSN Life Berhad. The transaction is expected to close...
Posted: Feb 22, 2023
The National Association of Insurance Commissioners (NAIC) has cited climate risk, data/AI, and cybersecurity and innovation among its strategic priorities for 2023. Each year NAIC members finalize and announce the company’s priorities for the ful...
Posted: Feb 21, 2023
Orion180, a premier insurance solutions provider has announced that it has transitioned from managing general underwriter (MGU) to standalone carrier by launching Orion180 Insurance Co., an Indiana-domiciled company. This strategic shift showcases...
Posted: Feb 21, 2023
Bermuda-based re/insurer AXIS Capital has appointed Gabriel Galanski as Head of North America property & casualty (P&C) programs. Galanski will report to John Van Decker, President of Global Financial Lines. Additionally, the role will als...
Posted: Feb 21, 2023
Global re/insurer SCOR has named Yves Goldschild, previously Head of Compensation and Benefits, the new Group Head of Human Resources. He will report to Claire Le Gall-Robinson, SCOR’s General Secretary and Group Chief Sustainability Officer. Befo...
Posted: Feb 21, 2023
Fairfax Financial Holdings Limited has announced that, in connection with recent management changes at Odyssey, the CEO of Odyssey Group, Brian Young, will expand his remit to share oversight responsibilities with Andy Barnard, President of Fairfa...
Posted: Feb 21, 2023
Sam Woods, Deputy Governor for Prudential Regulation and Chief Executive Officer of the Prudential Regulation Authority, has assured that proposed reforms to Solvency II insurance regulations in the UK will ensure “competitiveness and growth” for...
Posted: Feb 21, 2023
WTW, global advisory, broking and solutions company, has announced the appointment of two new hires, Thomas Rhatigan and Dan Peck, within its North American Corporate Risk & Broking (CRB) business. Scott Hull, Global Head of Surety, WTW, comme...
Posted: Feb 21, 2023
Insurance technology provider Socotra has announced a major drive into the European insurance markets, with an initial focus on the UK, DACH, and France, following a solid 2022 which saw revenue increase 71%, and a 75% growth in customers. Socotra...
Posted: Feb 21, 2023
Global reinsurance broker Gallagher Re has announced the appointment of Alex McManus and Romain Kapfer to lead its index-based capabilities and specialty business in Bermuda, respectively. Effective immediately, McManus will lead index-based initi...
Posted: Feb 21, 2023
Ocean Reinsurance has signed a new agreement with Moody’s RMS, a global catastrophe risk modelling and solutions company, to help develop and expand client opportunities. The reinsurer aims to do this through the use of the Risk Modeler and Exposu...
Posted: Feb 21, 2023
Consumers want insurance companies to do more than just deliver coverage, but to also help them reduce and prevent risk too, a recent report by Bain & Company has revealed. The Customer Behavior and Loyalty in Insurance: Global Edition 2023 re...
Posted: Feb 21, 2023
Specialist MGA Brookfield Underwriting has announced it has been acquired by Säkra, one of Sweden’s largest insurance intermediaries, which itself has just been acquired by private equity investment firm Cinven. According to Brookfield, it w...
Posted: Feb 21, 2023
Zurich-based catastrophe insurance data provider PERILS has released its final loss estimate for the European windstorm series which affected the British Isles and continental Europe in February 2022, totalling €3,851m. The windstorm series consis...
Posted: Feb 21, 2023
Pensions and financial services consultancy Hymans Robertson has announced the addition of Louise Lane to its expanding Risk Transfer team. Lane joins the firm from global brokerage WTW’s Risk Transfer team, where she heavily focused on assisting...
Posted: Feb 21, 2023
In a joint report with CyberCube and Envelop Risk, Lockton Re has highlighted how Insurance-Linked Securities (ILS) can support additional re/insurance capacity for cyber risk, and why it now has the momentum to succeed. Lockton Re’s report,...
Posted: Feb 21, 2023
Cyberwrite, a provider of cyber insurance products, has announced that it has appointed Allianz’s Hartmut Mai as Group President. Mai joins the firm with more than 25 years of global insurance leadership experience. In his most recent role, Mai se...
Posted: Feb 21, 2023
Global law firm DLA Piper has announced the expansion of its international re/insurance practice into Luxembourg, naming David De Cubber as counsel and local Head. De Cubber holds over two decades of experience in the industry and has a proven tra...
Posted: Feb 21, 2023
Global reinsurer SCOR has appointed senior reinsurance professional Alfredo Lomeli as P&C Reinsurance Chief Underwriting Officer (CUO) for Latin America & Caribbean. He will be taking over the role from James Grieve, who will be retiring t...
Posted: Feb 20, 2023
Cyber insurance provider Coalition has announced the expansion of its cybersecurity insurance offering in the US to large enterprise businesses with revenues up to $5 billion. Coalition states that typically, enterprise businesses have a stronger...
Posted: Feb 20, 2023